Jyoti CNC Automation Limited
Open MainLineCurrent GMP
₹38 (+11.48%)
Price Band
₹ 315 – 331
Lot Size
45
Issue Size
₹1000 Cr
Minimum Investment
₹14895 (45 Shares)
Listing Date
16 January 2024
Subscription
-
About the Company
Incorporated in January 1991, Jyoti CNC Automation Limited is a manufacturer and supplier of CNC machines. The company is based in India and specializes in manufacturing and supplying CNC machines.
The product range includes CNC turning centres, CNC turning-milling centres, CNC vertical machining centres (VMCs), CNC horizontal machining centres (HMCs), simultaneous 3-axis CNC machining centres, simultaneous 5-axis CNC machining centres and multi-tasking machines.
The company's customer base includes Indian Space Applications Center - ISRO, BrahMos Aerospace Thiruvananthapuram, Turkish Aerospace, Uniparts India, Tata Advances System, Tata Sikorsky Aerospace, Bharat Forge, Shakti Pumps (India), Shreeram Aerospace & Defense, Rolex Rings, Harsha Engineers, Bosch Limited, HAWE Hydraulics, Festo India, Elgi Rubber, National Fittings and others.
The company has a wide range of CNC machines with 200 types in 44 series. In the last three financial years, over 7,200 machines have been supplied to more than 3,000 customers worldwide, including India, Europe, North America and a few parts of Asia. Since April 1, 2004, Jyoti CNC has delivered over 30,000 CNC machines worldwide.
The company distributes its products worldwide through Huron's established dealer network and also has 29 sales and service centres in Romania, France, Poland, Belgium, Italy and the UK.
The company has three manufacturing facilities, two of which are located in Rajkot, Gujrat, and another in Strasbourg, France, which has the necessary capabilities to design, develop and manufacture the entire product line.
As of June 30, 2023, the company's production capacity was 4,400 machines per year in India and 121 machines per year in France.
As of June 30, 2023, the Company had an order backlog of ₹ 31,430.56 million, including an order of ₹ 2,602.50 million from an electronic manufacturing services (EMS) company.
As of June 30, 2023, the company had a total of 2,573 employees.
Promoters
Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP
Promoters Holding
Holding Pre Issue
72.66%
Holding Post Issue
62.60%
Objects of the Issue
Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company;
Funding long-term working capital requirements of the company; and
General corporate purposes.
Address / Contact Info
Jyoti CNC Automation Limited
G - 506, Lodhika GIDC
Village Metoda,
Rajkot – 360 021,
Phone: + 91-2827–235182
Email: investors@jyoti.co.in
Website: https://jyoti.co.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 09 January 2024
IPO Close Date
Thursday, 11 January 2024
Basis of Allotment
Friday, 12 January 2024
Initiation of Refunds
Monday, 15 January 2024
Credit of Shares to Demat
Monday, 15 January 2024
Listing Date
Tuesday, 16 January 2024 — NSE & BSE
Important Dates
Open Date
09 January 2024
Close Date
11 January 2024
Basis Of Allotment
12 January 2024
Listing Date
16 January 2024
Financial Performance (₹ in Crores)
| Particular | 30 Sep 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 1706.07 | 1515.38 | 1286.24 | 1388.19 |
| Revenue | 510.53 | 952.6 | 750.06 | 590.09 |
| Profit After Tax | 3.35 | 15.06 | -48.3 | -70.03 |
| Net Worth | 205.63 | 36.23 | -29.68 | 18.67 |
| Reserve & Surplus | 213.33 | 49.14 | 11.67 | 83.11 |
| Total Borrowings | 821.4 | 834.97 | 792.16 | 725.12 |
EPS Pre
0.76%
EPS Post
0.29%
P/E Pre
433.43
P/E (Post Issue)
1,122.83x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | The market capitalization of Jyoti CNC Automation IPO is Rs 7527.47 Cr. |
|---|---|
| ROE % | 18.35 |
| ROCE % | 9.5 |
| Debt / Equity | 10.17 |
| RoNW % | 18.35 |
| PbW | 59.43 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 13527190 | 44.76 | 0 |
| Qualified Institutions | 9018127 | 29.84 | 0 |
| Non-Institutional | 4509064 | 14.92 | 0 |
| BNII | 3006042 | 9.95 | 4771 |
| SNII | 1503021 | 4.97 | 2385 |
| Retail Investors | 3006042 | 9.95 | 66800 |
| Employees | 158227 | 0.52 | 0 |
| Total | 30218650 | 100 | 0 |
Subscription Status ( Fri, 02 Aug 24 07:29 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 9018127 | 418201650 | 46.37x |
| Non-Institutional | 4509064 | 172850220 | 38.33x |
| BNII | 3006042 | 128559780 | 42.77x |
| SNII | 1503021 | 44290440 | 29.47x |
| Retail Investors | 3006042 | 82677330 | 27.5x |
| Employees | 158227 | 2079000 | 13.14x |
| Total | 16691460 | 675808200 | 40.49x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 45 | 14,895.00 |
| Retail (Max) | 13 | 585 | 193,635.00 |
| S-HNI (Min) | 14 | 630 | 208,530.00 |
| S-HNI (Max) | 67 | 3,015 | 997,965.00 |
| B-HNI (Min) | 68 | 3,060 | 1,012,860.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- ICICI Securities Limited
- Equirus Capital Private Limited
- SBI Capital Markets Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Jyoti CNC Automation Limited is a worth ₹1000 crores. The price band is ₹315 to 331 per share. The IPO opens on Tue, Jan 9, 2024 and closes on Thu, Jan 11, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Jyoti CNC Automation Limited opens on Tue, Jan 9, 2024 and closes on Thu, Jan 11, 2024
Jyoti CNC Automation Limited Price Band is ₹315 to 331.
Jyoti CNC Automation Limited lot size is 45, and the minimum amount required for application is ₹14895.
The minimum investment for Jyoti CNC Automation Limited is approximately ₹14895 based on the upper price band.
To apply for the Jyoti CNC Automation Limited, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jan 11, 2024. After submission, funds are blocked until the basis of allotment of Jyoti CNC Automation Limited is finalised.
Jyoti CNC Automation Limited issue size is ₹1000 crores.
Jyoti CNC Automation Limited allotment date is Sat, Jun 27, 2026.
The registrar for Jyoti CNC Automation Limited is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Jyoti CNC Automation Limited through their official website or helpline.
The Jyoti CNC Automation Limited GMP (Grey Market Premium) is ₹38 as of Tue, Jan 16, 2024. Based on the upper price band of ₹331 per share, the estimated Jyoti CNC Automation Limited listing price is ₹369, indicating a potential listing gain of approximately 31% over the issue price.